Bankruptcy Prediction Investor Return Leverage Management Efficiency Profitability Ratios Liquidity Valuation Multiples Vertical Analysis Horizontal Analysis             2013 2014 2015 2016 2017 Current Assets 2,945,434 3,852,814 3,293,507 3,781,745 4,545,367 Current Liabilities 1,568,798 2,500,558 2,976,463 3,250,210 3,817,884 Working capital? 1,376,636 1,352,256 317,044 531,535 727,483 Total assets 2,945,434 3,852,814 5,144,409 5,059,029 5,871,607 Retained earnings 1,036,845 1,036,998 815,575 906,870 1,124,478 EBIT 363,544 239,369 372,250 481,769 607,331 Total liabilities 1,583,720 2,505,483 3,064,192 3,496,913 4,113,991 Sales 5,158,992 6,039,061 6,737,108 7,347,557 7,351,326 Price per share (as @ 31st December) 25.00 37.00 61.00 42.00 80.00 Number of shares 23,727 23,727 71,181 71,181 71,181 Market capitalization * 593,175 * 877,899 * 4,342,041 * 2,989,602 * 5,694,480 A 0.46737967987061 0.3509787910862 0.061628847939579 0.10506660467849 0.12389844892548 B 0.35201773321011 0.26915340320088 0.1585361894826 0.17925771921845 0.19151111441893 C 0.12342629303525 0.062128356053523 0.072360109781318 0.095229539107208 0.10343522650613 D 0.37 0.35 1.42 0.85 1.38 E 1.7515218470351 1.5674416154011 1.3095980510103 1.4523650684746 1.2520126091545 1.2A 0.56085561584473 0.42117454930344 0.073954617527494 0.12607992561418 0.14867813871058 1.4B 0.49282482649416 0.37681476448123 0.22195066527564 0.25096080690583 0.2681155601865 3.3C 0.40730676701634 0.20502357497663 0.23878836227835 0.31425747905379 0.34133624747024 0.6D 0.22 0.21 0.85 0.51 0.83 1.0E 1.7515218470351 1.5674416154011 1.3095980510103 1.4523650684746 1.2520126091545 Z Score 3.4372362808997 2.7806891774769 2.6945075441849 2.6566189069113 2.8406470461734             2013 2014 2015 2016 2017 Net income (000, Ksh) 213,843 19,715 30,748 131,796 223,294 Shareholders equity (000, Ksh) 1,361,714 1,347,331 1,352,782 1,562,116 1,757,616 Total assets 2,945,434 3,852,814 5,144,409 5,059,029 5,871,607 ROA 7.26% 0.51% 0.60% 2.61% 3.80% ROE 15.70% 1.46% 2.27% 8.44% 12.70%             2013 2014 2015 2016 2017 Total Liabilities (000, Ksh) 1,583,720 2,505,483 3,064,192 3,496,913 4,113,991 Total assets (000, Ksh) 2,945,434 3,852,814 5,144,409 5,059,029 5,871,607 EBIT (000, Ksh) 363,544 239,369 372,250 481,769 607,331 Interest Expense (000, Ksh) 30,102 87,888 155,553 209,726 209,202 Debt ratio 53.77% 65.03% 59.56% 69.12% 70.07% Times interest earned (x) 12.08 2.72 2.39 2.30 2.90             2013 2014 2015 2016 2017 Cost of goods sold (0000, Ksh) 3,328,782 3,665,796 3,956,493 4,401,444 4,552,750 Fixed assets (0000, Ksh) 778,081 986,171 1,245,641 1,277,284 1,326,240 Sales (0000, Ksh) 5,158,992 6,039,061 6,737,108 7,347,557 7,351,326 Inventory (0000, Ksh) 898,871 1,285,040 1,615,261 1,503,554 1,884,274 Total assets 2,945,434 3,852,814 5,144,409 5,059,029 5,871,607 Inventory turnover 3.70 2.85 2.45 2.93 2.42 Assets turnover 1.75 1.57 1.31 1.45 1.25 Fixed assets turnover 5.74 6.12 5.41 5.75 5.54             2013 2014 2015 2016 2017 Sales (000, Ksh) 5,158,992 6,039,061 6,737,108 7,347,557 7,351,326 Gross profit (000, Ksh) 1,830,210 2,373,265 2,780,615 2,946,113 2,798,576 Net profit (000, Ksh) 213,843 19,715 30,748 131,796 223,294 Operating profit 363,544 239,369 372,250 481769 607331 Gross profit margin 35.48% 39.30% 41.27% 40.10% 38.07% Operating profit margin 7.05% 3.96% 5.53% 6.56% 8.26% Net profit margin 4.15% 0.33% 0.46% 1.79% 3.04%             2013 2014 2015 2016 2017 Current liabilities (0000, Ksh) 1,568,798 2,500,558 2,976,463 3,250,210 3,817,884 Current assets (0000, Ksh) 2,945,434 3,852,814 3,293,507 3,781,745 4,545,367 Inventory (0000, Ksh) 898,871 1,285,040 1,615,261 1,503,554 1,884,274 Current ratio 1.88 1.54 1.11 1.16 1.19 Quick ratio 1.30 1.03 0.56 0.70 0.70             2013 2014 2015 2016 2017 Share price (as at 31st Dec) 25.00 37.00 61.00 42.00 80.00 Earnings (atributable to equityholders) 213,843,000 19,715,000 30,748,000 131,796,000 223,294,000 Outstanding ordinary shares 23,727,000 23,727,000 71,181,000 71,181,000 71,181,000 Dividends 41,522,250 41,522,250 42,708,600 42,708,600 42,708,600 Sales 5,158,992,000 6,039,061,000 6,737,108,000 7,347,557,000 7,351,326,000 Earnings per Share (EPS) 9.01 0.83 0.43 1.85 3.14 Price Earnings (P/E) Ratio 2.77 44.53 141.21 22.68 25.50 Dividends per Share (DPS) 1.75 1.75 0.60 0.60 0.60 Dividend Yield 7.00% 4.73% 0.98% 1.43% 0.75% Price/Sales per Share (PS) 0.11 0.15 0.64 0.41 0.77             Percentage change (%)         2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Revenue (Ksh., 000) 5,158,992 6,039,061 6,737,108 7,347,557 7,351,326 100.00% 100.00% 100.00% 100.00% 100.00% Cost of sales (Ksh., 000) 3,328,782 3,665,796 3,956,493 4,401,444 4,552,750 64.52% 60.70% 58.73% 59.90% 61.93% Gross (loss)/profit (Ksh., 000) 1,830,210 2,373,265 2,780,615 2,946,113 2,798,576 35.48% 39.30% 41.27% 40.10% 38.07% Operating profit (Ksh., 000) * 363,544 * 239,369 * 372,250 * 481,769 * 607,331 7.05% 3.96% 5.53% 6.56% 8.26% Profit/ (Loss) before taxation (Ksh., 000) * 333,442 * 151,481 * 216,697 * 272,043 * 398,129 6.46% 2.51% 3.22% 3.70% 5.42% Taxation credit/ (charge) (Ksh., 000) * (119,599) * (131,766) * (185,949) * (140,247) * (174,835) -2.32% -2.18% -2.76% -1.91% -2.38% Profit (Loss) for the year (Ksh., 000) * 213,843 * 19,715 * 30,748 * 131,796 * 223,294 4.15% 0.33% 0.46% 1.79% 3.04%   Dollar change (Ksh,000) Percentage change (%) 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Revenue 5,158,992 880,069 698,047 610,449 3,769 100.00% 17.06% 11.56% 9.06% 0.05% Cost of sales 3,328,782 337,014 290,697 444,951 151,306 100.00% 10.12% 7.93% 11.25% 3.44% Gross (loss)/profit 1,830,210 543,055 407,350 165,498 -147,537 100.00% 29.67% 17.16% 5.95% -5.01% Operating profit 363,544 -124,175 132,881 109,519 125,562 100.00% -34.16% 55.51% 29.42% 26.06% Profit/ (Loss) before taxation 333,442 -181,961 65,216 55,346 126,086 100.00% -54.57% 43.05% 25.54% 46.35% Taxation credit/ (charge) -119,599 -12,167 -54,183 45,702 -34,588 100.00% 10.17% 41.12% -24.58% 24.66% Profit (Loss) for the year 213,843 -194,128 11,033 101,048 91,498 100.00% -90.78% 55.96% 328.63% 69.42%

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Companies Financial Statements

ARM Cement Atlas Bamburi Barclays BOC Gases Britam British America Tobbaco (B.A.T) Car & General Carbacid Centum CFC Stanbic CIC Co-op Bank Crown Berger Deacons Diamond Trust

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